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 This is the list of Top 10 car loan companies in Nigeria.

If you were wondering where you could access a loan for any car in Nigeria you are at the right place.

Having a car not only eases your mobility but also reduces the stress it takes to utilize a public vehicle.

Irrespective of your educational background, the financial status you'll have a car.

An auto loan will help facilitate the whole process of you getting a car.

Note: Before buying a car, get the hang of the factors involved, it is hard getting a car for this reason you might need a financial institution to assist you in your journey of car purchase.

You can find a ton of financial institutions in Nigeria that exist car loans from.

These institutions can either pay half or the full costs of the car.

Listed here are the very best car loans companies in Nigeria.

The top 10 Car Loan Companies In Nigeria are:

1. Fcmb Auto loan:

The Fcmb consumer Auto loan is a credit scheme allowing people that are qualified to finances that will enable them the acquisition of their car.

This scheme allows the customer to own a car, and pay in installments over a specific period.

You can apply for this loan in any Fcmb bank branch or it can be done on their loan portal.

The Fcmb loan is in two categories namely:

I. Standard Auto Loan:

The standard auto loan is for those working for the government, or those that owned a business bringing in steady income. You are able to access up to #30 million, and you are therefore meant to repay the loan within 12 to 60 months.

ii.Fcmb Auto loan alliance: 

Gives home mortgage of 20% per year, and the amount to be collected is #30 million.

2. Beta Car Financing:

Is a loan scheme that makes available funds to business owners and people working to help them to purchase cars.

The payment shall be made in 12 to 14 months

Additionally, After submitting your application , your car will be equipped for pick up in one week, assuming your application is approved.

3. Cars45.com

Is a loan scheme that makes available funds to business owners and people working to help them to purchase cars.

You are able to get an auto loan within 72 hours.

The payment shall be made in 12 months with a 2.5% monthly interests.

This losn is for business owners and salary earners.

4. Creditville:

Cedarville is a digital lender that provides you a quick loan for buying a car.

Furthermore, to access this loan, visit their website, fill and submit the application form for the auto lease. An agent will almost certainly contact you if your application is successful.

5. Access Bank car loan

Access bank car loan makes it very convenient for their customers to acquire a new car. You can get the loan if you're an salary  small-medium enterprises, cooperate bodies and it takes 48 months. The requirements necessary to obtain this loan can be gotten at any of their branches.

6. GTB:

You are entitled to access the loan should you have an account with them. For individuals, the minimum amount you may get is #20,000 and #1million maximum. And for cooperating organizations and small-medium businesses, it is # 5 million.

7. First bank

The first bank loan is available working class people that earn monthly.

For registered businesses, they offer partial funding for acquiring brand new cars.

There's a tenor of 48 months. The maxim amount is #15 million.

8. Auto checki Financing:

They not only provide car loans, in addition they sell cars too. Checki is a renowned company operating in Nigeria. And are meant to meet the financial needs of those that want to purchase a car in Nigeria.

9. UBA auto loan

They allow you to get your dream car, even if it's to upgrade or getting a new car. You can get this loan at any of their branches.

10. Standbic IBTC Bank

Standbic its bank has a structured loan repayment plan. It is quite convenient along with affordable.

Their payment tenor is 4 years. This loan is available for both new and old customers.

Go to any of their branches and apply.

Having a car is a necessity, most in case you live in the city where your place of work is far from your location living, and you intend to make the distance in time.

Additionally, when you'll want to visit the hospital due to one emergency or the other, you will get the hang of that apart from being a luxury it is a necessity.

Due to low income, purchasing a car may be difficult, for this reason to really succeed, some institutions designed solutions of offering loans to people to purchase a car, then paying back with interests.

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